Thursday, January 19, 2012
Industry News: National
US comparable chain store retail sales for December rose by 3.5% year-over-year as measured by the ICSC's tally of 25 major retail chains, the slowest pace since March, according to the ICSC. Among merchandise categories, Luxury Stores led with an with a 8.0% gain, followed by Wholesale Clubs with a rise of 7.0%. Department Stores rose by 3.4%, Discounters gained 3.1%, Apparel gained 2.9%, and Drug Stores rose 1.3%. Among individual retailers, Gap dropped by 4.0% and Limited gained 7.0%; Costco was up 7.0%. Nordstrom was up 8.7% and Saks gained 5.8%; Target grew by 1.6% and TJX by 8.0%. Macy’s gained 6.2%, JCPenney rose a modest 0.3%, and Kohls fell by 0.1%; Rite Aid rose 3.6%, and Walgreens by 0.4%. See our extensive list of retail sales results on Page 4.